Did you know China produces 54% of the worlds STEEL and 55% ALUMINUM?? For me, the DOUBLE price on eBikes won't affect me, but everything uses steel and aluminum as well as semiconductors today...
Steel Production
USA: The USA produces around 4.5% of the world’s steel.
Canada: Canada produces about 1.5% of the world’s steel.
China: China is the largest producer, accounting for approximately 54% of the world’s steel production.
Aluminum Production
USA: The USA produces less than 2% of the world’s primary aluminum.
Canada: Canada is the fourth-largest producer, accounting for about 5% of global aluminum production.
China: China leads in aluminum production, accounting for over 55% of global output.
Current and new U.S. tariffs on Chinese imports by sector
Electric Vehicles (EVs):Current rate: 25%
New rate: 100%
Semiconductors:Current rate: 25%
New rate: 50%
Solar Cells:Current rate: 25%
New rate: 50%
Syringes and Needles:Current rate: 0%
New rate: 50%
Steel and Aluminium Products:Current rate: 7.5%
New rate: 25%
Lithium-ion EV Batteries:Current rate: 7.5%
New rate: 25%
Lithium-ion Non-EV Batteries:Current rate: 7.5%
New rate: 25%
Battery Parts:Current rate: 7.5%
New rate: 25%
Personal Protective Equipment (PPE):Current rate: 7.5%
New rate: 25%
Rubber Medical and Surgical Gloves:Current rate: 7.5%
New rate: 25%
Natural Graphite and Permanent Magnets:Current rate: 0%
New rate: 25%
Other Critical Minerals:Current rate: 0%
New rate: 25%
Ship-to-Shore Cranes:Current rate: 0%
New rate: 25%